Ann: Results of Annual General Meeting, page-10

"I see Mr stretch reached his goals and got his incentives - Just in time it seems because the shareholders can do without dividends if this is what the share price does." jw

Mr. Stretch acquired: a. 470,691 ORD; b. 383,216 Performance Shares. He disposed of "nil."

Management According to Commsec's numbers:

ROE: 31.7%
ROC: 23%
POR: 29%
CFPS: $0.598
Book: $1.34

The dividend is safe. The management is solid. EPW is a BUY.

OV